Cryopak Industries Inc.
TSX VENTURE : CYK

Cryopak Industries Inc.

April 04, 2006 09:00 ET

Cryopak Announces Partnership with Meridian Consultores Ltda. to Pursue Pharmaceutical Package Market in Brazil

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2006) - Cryopak Industries Inc. (TSX VENTURE:CYK) today announced a new partnership with Meridian Consultores Ltda. to approach the pharmaceutical package market in Brazil.

"International expansion has been a focus for us in our pharmaceutical package segment for some time now and we continue to make progress aligning ourselves with local sales and manufacturing organization within the markets we are pursuing," stated Mr. Martin Carsky, President and CEO.

In January 2006, Cryopak announced a partnership with Sical, S.A. in France, a division of the Rossmann Group, to service its existing and future customers in France and Belgium. With a net-worth of 8 billion dollars Brazil is the eighth largest pharmaceutical market in the world and a market that Cryopak has been studying for the past six months.

"We have been working with the principals of Meridian for some time now and they have been instrumental in assessing the market potential for our business in Brazil and have also assisted us in developing the local infrastructure needed to service customers in that market. The principals of Meridian have a solid reputation as business development experts and have the key local contacts within the Brazilian marketplace that will help us drive our future business in that market," stated Mr. Carsky.

Mr. Jan Claudius Knizek, managing partner of Meridian Consultores added, "We are extremely pleased with our association with Cryopak. We believe there are significant synergies to be gained. Furthermore, our timing could not be better, as the Brazilian authorities have become more engaged in the proper handling of temperature sensitive products."

About Meridian

Meridian Consultores Ltda. is a consulting company based in Sao Paulo, Brazil, founded in 2001. Meridian consultants are all previous managing directors and senior executives in different areas of business, including within the pharmaceutical industry. More information about Meridian is available at www.meridianbr.com.br.

About Cryopak

With ISO 9001:2000 certified facilities in Vancouver and Montreal, we are a leading provider of temperature-controlling products and solutions serving global pharmaceutical companies, as well as fine North American retailers and consumer goods companies. In our pharmaceutical business we engineer solutions and supply products that help our customers safely transport their temperature sensitive vaccines. In our retail business, we develop, manufacture and sell reusable ice substitutes, flexible hot and cold compresses, reusable gel ice and instant hot and cold packs. These products are marketed under such popular brand names as Ice-Pak™, Flexible Ice™ Blanket, Simply Cozy®, and Flex Pak™. We also manufacture these same products under private label for many well-known consumer goods companies. Our shares are listed on the TSX Venture Exchange under the symbol CYK. For more information about Cryopak, please visit our website address at: www.cryopak.com.


Contact Information

  • Cryopak Industries Inc.
    Martin Carsky
    President and CEO
    1-800-667-2532
    www.cryopak.com